Optima secure premium incresase

[Patil007]

Can you please link to it? I am planning to port my policy from star health to hdfc ergo secure in a couple of months too

What are the issues you are facing in Star?

 

[Dragon_slayer]

I hold the same insurance bought from Ditto. Ditto recently messaged me and said to pay upfront for next 2-3 years to lock the prices.

Although with HDFC not being supported on Apay or any other billers, i dont plan to do that for now.

 

[quino]

I hold the same insurance bought from Ditto. Ditto recently messaged me and said to pay upfront for next 2-3 years to lock the prices.

was your renewal upcoming? if not, how can you pre-pay for 2 yrs?

 

[Dragon_slayer]

was your renewal upcoming? if not, how can you pre-pay for 2 yrs?

About 19K to be paid in August.

For pre-pay you can contact HDFC directly, they will send you some link probably

 

[quino]

For pre-pay you can contact HDFC directly

didn't know such a thing existed. thanks.

 

[Tay]

didn't know such a thing existed. thanks.

Such option is accepted by many insurers, including Niva Bupa

 

[Patil007]

didn't know such a thing existed. thanks.

For new policy buy, almost every insurer provide this option upto 3 years premium we can pay in advance. Not sure about renewal as age factor may be there.

 

[Tay]

For new policy buy, almost every insurer provide this option upto 3 years premium we can pay in advance. Not sure about renewal as age factor may be there.

For renewals also I have come across such options

 

[Zacobite]

For new policy buy, almost every insurer provide this option upto 3 years premium we can pay in advance. Not sure about renewal as age factor may be there.

pre pay also adjusts for age change.. but will give some discount.. premium will rise every year.. cannot help it... true for all companies.. ergo hikes are steep but unfortunately the alternatives are limited..

 

[Zacobite]

Does any one know that at what rate hdfc increases it's health insurance premium in optima secure plan?
Last year I paid around 26700 premium and this year it's raised to 31300 a steep 17% increase.
Is there any negotiation I could do or is it good for me to change to some other policy where premiums raise in every 5 years? Please let me know , my due date for renewal is in September.

unpredictable.. we will know at renewal.. lots of factors.. but positively some conditions also chg regularly.. ergo is expensive.. always have been

 

[bigbyte]

Now Optima secure has effected a premium increase of 10-15% across various age for its Optima secure plan.

For example, 1 year premium for 50 year old person for 10 lac coverage was earlier 24500/- and now increased to 27500/-.